This improvement in performance demonstrates BBK's positive results in operational management and financial optimization.
Common benefit bonds help supermarket business recover
Store renovation significantly improves performance
During the reporting period, on the financial level, Bubugao was able to effectively promote the continued recovery of its supermarket business with the help of the common benefit bond loans of less than 1 billion yuan approved by the Xiangtan Intermediate Court, while the department store business also maintained normal operation. The country code philippines mobile effective use of this financial tool not only provided the company with necessary financial support, but also sent a positive signal at the market level, effectively enhancing the confidence of consumers and investors. With the support of common benefit bonds, Bubugao's supermarket business is gradually returning to the right track and showing a steady development trend.
It is particularly worth mentioning that Bubugao has achieved remarkable results in store optimization and performance improvement. Since the introduction of the management team of Pang Donglai at the end of the first quarter of this year , Bubugao has carried out a comprehensive upgrade and transformation of the company's supermarket business.
From adjusting employee salaries, shortening business hours, improving employee benefits, to optimizing store traffic flow layout and product structure, Bubugao has fully learned from the successful experience of excellent companies such as "Pang Donglai". The implementation of these measures has greatly improved the operating efficiency of the stores, and the performance has also achieved significant growth. In the first half of this year, its supermarket business achieved revenue of 876 million yuan, an increase of 13.35% compared with the same period last year.
Take the BBK Meixihu store as an example. Starting from April this year, the store's holiday sales increased 10 times in just two months, and the flow of people soared 650%. This huge change is not only reflected in the increase in sales, but also in the improvement of customer satisfaction and the significant expansion of market share. The second Xiangtan Jiuhua store has a daily sales of about 1 million yuan. At present, the third batch of stores, Changsha BBK Xingcheng Tiandi Store, opened on July 20, and the main stores such as Changsha BBK Supermarket Jinxing Store, Shaoyang BBK Xintiandi Store, Yueyang BBK Plaza, and BBK Yueyang Xintiandi have also started adjustments. With the gradual acceleration of the store adjustment speed, it is expected that the adjustment work of 30 stores will be completed by the end of the year, and the performance will be further optimized by then.